1, along with more than 3,200 other product categories. Seemingly lost amid the sighs of relief: He is continuing to escalate the trade war against China and ensuring it will drag on for months. Along…
Monthly Archives For August 2019
China’s economy worsens in July: Morning Brief
The move de-escalates Trump’s trade war with China, and amounts to a tacit acknowledgement by Trump that his tariffs might hurt American consumers too much. [Yahoo Finance] Unexpected inflation jump … ( read original story…
The Finance 202: Trump contains his inner Grinch, partially delaying new China tariffs
President Trump announced Tuesday that he is ending his war on Christmas. The president’s decision to delay some tariffs on $300 billion of Chinese imports set to take effect next month may have been ……
China Jinjiang Environment reports flat 2Q earnings of $30 mil as higher cost of sales and other losses offset revenue rise
Finance costs fell 5.4% to RMB60.3 million while income tax … Co — entered into a conditional agreement for the acquisition of 29.79% of the shares in China Jinjiang Environment, to become the … (…
WeWork lifts veil on finances with IPO filing
WeWork would be the biggest company by value to list on the U.S. stock market this year after ride-hailing firm Uber Technologies Inc. An IPO would come at a time when an escalating trade war…
China appears to be gearing up for a possible military intervention in Hong Kong, but experts say Beijing is likely bluffing
Experts doubt Chinese military intervention is imminent at this point, though Beijing is trying to stoke fears that it could strike at any moment. ( read original story …)
Clashes Between Hong Kong Protesters And Police Capture Beijing’s Attention
NPR’s David Greene talks to David Rennie, Beijing Bureau Chief for The Economist magazine, about how Beijing is handling the protest movement in Hong Kong. ( read original story …)
Bad Economic News, Manufacturing Risk, China Weakness: Eco Day
Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Welcome to Wednesday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help … (…
European blockchain company Bitfury launches artificial intelligence unit
NEW YORK (Reuters) – European blockchain company The Bitfury Group … That list includes Coinbase, a U.S.-based exchange, and China’s Bitmain, the largest cryptocurrency mining firm in the world. ( read original story …)
Starbucks China rival Luckin sales surge in first results since IPO
Aug 14 (Reuters) – Luckin Coffee Inc reported a more than seven-fold jump in quarterly revenue on Wednesday, in its first earnings report as a public company, as the Chinese challenger to Starbucks … (…
China’s Hong Kong office condemns airport clashes as ‘near-terrorist acts’
China’s Hong Kong affairs office condemned what it called “near … a threat to increase force brought against the pro-democracy protesters in Hong Kong. (CBC News) Chinese state media on Wednesday … ( read original…
China’s Slumping, So What’s Up With Coal?
(Bloomberg Opinion) — While China’s industrial sector crashes, one corner is booming. Oddly enough, it’s probably bad news for participants. Fixed-asset investment in mining increased 27.4% … ( read original story …)
Laptops, cell phones from China spared Trump tariffs – for now
On Tuesday, technology investors welcomed news of the exemptions … The exemptions, combined with renewed talks with China, suggest Trump may be willing to compromise. In a sign the … ( read original story …)
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